Lazard Upgrades Moody’s to “Buy”; Sees 26% Upside (MCO)

By
A A A
Share |

Credit ratings agency Moody's Corporation ( MCO ) on Monday caught a big upgrade from analysts at Lazard Capital.

The firm boosted its rating on MCO from "Neutral" to "Buy" with a $52 price target. That new target suggests a healthy 26% upside to the stock's Friday closing price of $41.27.

Lazard noted the company is well-positioned to benefit from high debt issuance rates.

Moody's shares posted small gains in premarket trading Monday.

The Bottom Line
Shares of Moody's ( MCO ) have a 1.55% dividend yield, based on Friday's closing stock price of $41.27. The stock has technical support in the $36-$38 price area. If the shares can firm up, we see overhead resistance around the $43-$45 price levels.

Moody's Corporation ( MCO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: MCO

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Form 990 Explained
Form 990 Explained                  

Stocks

Referenced

50%

Most Active by Volume

128,306,932
  • $60.84 ▼ 0.85%
89,644,283
  • $3.195 ▲ 0.79%
69,138,516
  • $16.34 ▼ 0.18%
67,996,983
  • $4.35 ▼ 1.58%
45,833,963
  • $87.59 ▲ 0.96%
40,667,300
  • $46.28 ▼ 2.42%
38,947,294
  • $26.16 ▼ 0.34%
38,107,217
  • $39.86 ▲ 0.43%
As of 4/24/2014, 04:04 PM